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Marenno
Nov 4, 2015 9:53 AM

AUDUSD Short term entry setup based on 1H  

Australian Dollar/U.S. DollarFXCM

Description

On a 1H chart we have a bearish reversal sign

Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 4H Chart

Due to current price position (intraday - independant view) I will look for Bearish PA patterns to begin with a limit order at 0.720

"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere.

Any questions are welcome.
Your Likes are much appreciated."
Comments
Rookie
Sell / Buy the break.
Marenno
nice one keep it up!!!
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